SR-413-002 (15)
PROMISSORY NOTE
Ocean Park
Federal Allocation
Santa Monica, California
July 1, 2003
llln~3Q'~:1!~_tfte~~gned ~.~ to pay II> the Older ~ thel~
sa6,Nqnie8.J.. . ,'\ .' J_ta Mo~, the su_ns Million, Two Hund~Ni~~-Sij(
~.FO:~~_~'~"',,< tents (~.484.otl). wHh interesttlnml~
_ ..'.....,..."t'....',.-c..;..i more than the City's actual rate of ,n~e~tment
earnings for fiscal year 2003-04 (July 1,2003 - June 30,2004), This total amount now owed represents
..'.....JU_:'~:t~.~.l~~._q~.,yments plus subsequently incurred. interest. I
event shall the interest rate be more than 12% per annum Principal and interest are payable in lawful
.....,..U .' ..~.~tnstitut.Q' the undersigned promises to p~y a,1 cost~
of collection, including reasonable attorney's fees.
The Redevelopment Agency of
the City of Santa Monica
ATTEST
;:~r1.
8ecretaty ,
BY: Af2--.
.1.. Jl(rJ .~j["1III
Richard Bloom
Chairperson
APPROVED AS TO FORM
BY:
Marsha Jo
Agency At
P.N. #1
.10-
PROMISSORY NOTE
Ocean Park
Federal Allocation
Santa Monica, California
July 1, 2003
On June 30, 2004, for the value received, the undersigned promises to pay to the order of the City of
Santa Monica, a municipal corporation, at Santa Monica, the sum of Five Million, One Hundred Sixty-
Seven Thousand Two Hundred One Dollars and Seventy-Nine Cents ($5,167,201.79) with interest from
July 1, 2003, at the rate of one-half of one percentage point (.5%) more than the City's actual rate of
investment earnings for fiscal year 2003-04 (July 1,2003 - June 30, 2004). This total amount now owed
represents the original June 30,1981 debt less subsequent payments plus subsequently incurred interest.
In no event shall the interest rate be more than 12% per annum. Principal and interest are payable in
lawful money of the United States, If action be instituted on this note, the undersigned promises to pay all
costs of collection, including reasonable attorney's fees
The Redevelopment Agency of
the City of Santa Monica
ATTEST
\
BY:~~
Richard Bloom
Chairperson
~~~.~'\L).
Maria Stewart
Secretary
.~~r~~
APPROVED AS TO FORM:
P,N. #2
-11-
Ocean Park
Federal Allocation
Santa Monica, California
July 1, 2003
:;':'~;~~~_H::~n::J:i~
~,p~_.I_.._.,....e '~"t), with 'interest from July 1, 2003*~ rate of
one-~alf of 0~~per~~~;~9:POI~; ,', '., ,d '. "'8 actual rateofi~e8minhs ~liscaI
year 2003-04 (July 1, 2003 - June 30, 2004), This amount now owed represents the original
September 14, 1983 debt less subsequent payments plus subsequently incurred interest. In no event
........~"..re .tl~ pe~"<'lJtii"cipaland interest are payable in~1 m~n~y of
the United States. If action be instituted on this note, the undersigned promises to pay all costs of
collection, including reasonable attorney's fees,
The Redevelopment Agency of
the City of Santa Monica
ATTEST
~t,l · ~ .~::J.u .~Lr.:....t
Maria Stewart
Secretary
BY:
~P-c
Richard Bloom
Chairperson
APPROVED AS TO FORM
#5
-12-
PROMISSORY NOTE
Downtown
Redevelopment Project
Santa Monica, California
July 1, 2003
On June 3D, 2004, for the value received, the undersigned promises to pay to the order of the City of
Santa Monica, a municipal corporation, at Santa Monica, the sum of Fourteen Million, Nine Hundred
Thirty-Two Thousand, Sixty-Two Dollars and Thirty-Nine Cents ($14,932,062.39), with interest from
July 1,2003 at the rate of four and sixty one hundredths percent (4.60%) per annum. This amount now
owed represents the original October 24, 1978 debt less subsequent payments plus subsequently incurred
interest. Principal and interest are payable in lawful money of the United States, If action be instituted on
this note, the undersigned promises to pay all costs of collection, including reasonable attorney's fees.
The Redevelopment Agency of
the City of Santa Monica
ATTEST
~,Q .~Q.;o...,J..
Maria Stewart \
Secretary
BY:~ B /
Ric ard Bloom
Chairperson
APPROVED AS TO FORM:
ty:
P,N. #6
-13-
PROMISSORY NOTE
Low/Moderate Income Housing
Redevelopment Project
Santa Monica, California
July 1, 2003
On June 30, 2004, for the value received, the undersigned promises to pay to the order of the City of
Santa Monica, a municipal corporation, at Santa Monica, the sum of Five Million, One Hundred Forty-Two
Thousand, One Hundred Eighty-Eight Dollars ($5,242,188.00), with interest from July 1,2003, at the rate
of one-half of one percentage poinf~ 5%) more than the City's actual rate of investment earnings for fiscal
year 2003-04 (July 1,2003 - June 30,2004). This total amount now owed represents the original February
27, 2001 debt less subsequent payments plus subsequently incurred interest. In no event shall the
interest rate be more than 12% per annum, Principal and interest are payable in lawful money of the
United States. If action be instituted on this note, the undersigned promises to pay all costs of collection
including reasonable attorney's fees.
The Redevelopment Agency of
the City of Santa Monica
ATTEST
.',-
BY~V
Richard Bloom
Chairperson
BY
L. ~:=tu
Maria Stewart
Secretary
Jia....~J
APPROVED AS TO FORM:
P.N. #9
-14-
PROMISSORY NOTE
City of Santa Monica
Santa Monica, California
July 1, 2003
~<~)3ff*f~04, value received, the undersigned promises to pay tathe Ofde~9f ~
~ment Agency of th$ City of Santa Mortica, at Santa Monica,th8~umiofFive"'~,
~~~,~- Two Thousand, One Hundred Eighty-Eight DoItarsand($5,242, 18tS.~1, .
5" -.
July 1, 2003, at the rate of one..half of onepe~ntagepoiAt{5%) more than the
Redevelopment Agency's City=s actual rate of investment earnings for .fi$caf. year .~~
- June 30, 200:4). This total anJ9Uf1tnowowed rep,...nts the origina' F~ ~t,
I~ss subsequent payments plus subsequent incurred interest. .10 no events~l'.
interest rate be more than 12% per annum. Principal and interest are payable in lawful money of
the United States. If action be instituted on this note, the undersigned promises to pay all costs of
collection, including reasonable attorney's fees.
City of Santa Monica
~
BY: .A.'~. ~
Maria Stewart
City Clerk
BY:
/ -)
f<vK ~
'Richard Bloom
Mayor
APPROVED AS 'ro FORM:
BY: .~~... fl/~
Marsha J .. ..! s Mo~t~'
City Attor ·
P.N. #10
-15-